Monday, September 8, 2008
Socialism for the Rich! Yay!
The rescue of Freddie Mac and Fannie Mae is supposed to help stabilize the Financial System, and that's supposed to be an Excellent Thing. The stock holders will take losses, according to the analysts, indeed, some will lose everything. But the investors are relieved, so they say, and international markets are pleased as punch. Taxpayers may be on the hook for trillions of dollars, but what's a few trillion here and there when the System must be saved?
It's another example, in a very long string of them now, of the Bush Government and its enablers rushing to the aid of the billionaire class and telling the ordinary schmuck in Modesto that he shouldn't a bought that big new house (or that barely habitable old one) in the first place, too bad, so sad. Scram!
It's an old story, one of the oldest in this country, and it is a story that has given rise to populist uprisings time and again, but for some reason, this time, nothing. Not more than a peep out of the lumpen proles, when they are heard from at all. By the millions, they are losing their homes, and we hear nothing from them but for an occasional tear-jerker in the paper about how hard it has been on some people. There are no movements, no marches, there's no growing outrage from the masses, nothing.
Quiet as a mouse.
Everyone is as quiet as a mouse, and the economists are unanimous in blaming the victims.
Their fault they were so easily led to perdition.
Meanwhile, trillions are made available to the billionaires to ensure none of their privilege and position is affected in any way. That IS the System.
Until masses of Americans reach the point of ultimate pissed-offed-ness, and until they realize they can actually do something about it through united effort and pressure (as well as occasionally inconveniencing the billionaires), the System will continue to be saved by serving the interests of billionaires alone.
Progressives and Populists alike should be joining hands to make sure the People do reach that point, but to date they are not. No, Progressives are obsessed with programs and legalism, Populists are still wallowing in theocracy and arbitrary authoritarianism. Consequently the billionaires make out like bandits, rights and programs are diminished, and we slide ever closer to Armageddon.
We need a "class war" in which the well off middle class Progressives, the internet enterpreurs who pose as Progressives, the DFH "anarchists," and the jacked up populists wondering why God's Plan is throwing them out on the streets combine forces to once againcurb and ultimately geld the billionaires.
But that means actually doing things, like shutting down business as usual, exposing and shaming government operatives in the service of the billionaire class, taking over governments on the local and state levels, and pushing hard on federal officials.
It means moving toward and then accepting a level of Socialism for the People that is common nearly everywhere else in the civilized world but still resented here. It means complete top to bottom prison and justice overhauls that drastically reduce prison populations and it means eliminating private prisons and all the corruption that goes with them.
It means taxing the rich into oblivion if they utter a peep of protest. It means deconsolidating media ownership, even seizing some media in the name of the People.
We could go on and on, but the fact is, we have to do something. And do it fast. Something beyond merely sitting passively, enjoying the show.